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Half of Flanco likely to be sold for $20-25m
A consortium comprised of investment funds DBG and Polish Enterprise Fund IV may take over 50% in Flanco by yearend, under a transaction estimated at $20-25 million, according to sources clo...
Orange Romania plans for 3G upgrade
Mobile telephony operator Orange Romania is interested to buy a 3G licence but the investment in building the network will not begin any sooner than 2006, Yves Gauthier, the company's commer...
Govt. pushes for good grade from EU
Romania will "aggressively lobby" over the next two weeks to make the European Commission grant Romania a good grade and the market economy status in its country report due out on November 5...
Money for production or distribution?
The privatisation of Romania's energy system should begin with the power producing segment, not with distribution, according to Valeriu Binig, power and utilities director of the Romanian-Am...
One billion dollar sales, yesterday's news for new retailers in Romania
One billion dollars. That is how high the sales of the "new retail types" were in Romania last year, over 50% more than the year before. Moreover, the value might come close to $1.5bn, the t...
Ruhrgas and Wintershall readying weapons for gas industry privatisation
Germany-based Ruhrgas and Wintershall, two of the largest natural gas companies in Europe have already made the first moves of their strategy to participate in the privatisation of the two m...
Pre-emption right accepted for Petrom
The minority shareholders of SNP (National Oil Company) Petrom, the largest company in Romania, will be allowed to participate in the capital increase of Petrom side by side with the strateg...
No breakthrough for amber beer
Following the quasi-failure of several brown beer brands over the last few years, the Romanians are still reluctant to embrace anything non-lager, and therefore do not allow for the developm...
Three banks for Termoelectrica's loan
The consortium comprising Bank Austria Creditanstalt, ABN Amro Bank Romania and Alpha Bank Romania will broker two syndicated loans contracted from the international market for Electrocentra...